Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - EZCORP INC | d79116exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 20, 2011
EZCORP, Inc.
(Exact name of registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation) |
0-19424 (Commission File Number) |
74-2540145 (IRS Employer Identification No.) |
1901 Capital Parkway, Austin, Texas 78746
(Address of principal executive offices) (zip code)
(Address of principal executive offices) (zip code)
Registrant’s telephone number, including area code: (512) 314-3400
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 — Results of Operations and Financial Condition
On January 20, 2011, EZCORP, Inc. issued a press release announcing its results of operations and
financial condition for the first fiscal quarter ended December 31, 2010 and increasing annual
earnings guidance. A copy of that press release is attached as Exhibit 99.1.
As used herein, “GAAP” refers to accounting principles generally accepted in the United States.
The press
release furnished in Exhibit 99.1 presents the financial results
and expected earnings per share for fiscal 2011 in accordance with GAAP. In addition, net income, consolidated operating income and earnings per share for the first
fiscal quarter, as well as expected earnings per share for
fiscal 2011, are presented on a non-GAAP basis. Information
sufficient to reconcile each non-GAAP measure to the related GAAP measure is
also presented. These non-GAAP financial measures are not meant to be considered in isolation or as a
substitute for the corresponding GAAP measures.
As noted in the press release, the only difference between the presented non-GAAP measures and the
GAAP measures is the exclusion of the affect of a one-time charge related to the retirement of the
Company’s former Chief Executive Officer and related tax benefit. The Company believes that
excluding this one-time charge from the Company’s current period GAAP results as well as expected
GAAP results allows management and investors to better understand the Company’s financial
performance from period to period and in relation to the Company’s operating results. Management
does not believe that the excluded one-time charge is reflective of underlying operating
performance. The presentation of these non-GAAP financial measures facilitates an enhanced
understanding of the Company’s actual and expected performance and enables more meaningful
period-to-period comparisons.
The information set forth under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section, and shall not be deemed to be incorporated by reference in any filing
made by EZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Press Release, dated January 20, 2011, announcing EZCORP, Inc.’s results of operations and financial condition for the first fiscal quarter ended December 31, 2010 and increasing annual earnings guidance. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EZCORP, INC. |
||||
| Date: January 20, 2011 | By: | /s/ Daniel M. Chism | ||
| Daniel M. Chism | ||||
| Vice President and Chief Accounting Officer | ||||
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EXHIBIT INDEX
| Exhibit | ||
| No. | Description of Exhibit | |
99.1
|
Press Release, dated January 20, 2011, announcing EZCORP, Inc.’s results of operations and financial condition for the first fiscal quarter ended December 31, 2010 and increasing annual earnings guidance. |
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